TORONTO (Reuters) - Royal Bank of Canada (RY.TO: Quote), the country's largest bank, said on Thursday that its quarterly profit rose 11 percent and that Chief Executive Officer Gordon Nixon would step down next summer after 13 years in his position.
The Toronto stock market was lower Thursday amid a mixed bag of earnings from three of Canada's big banks while concerns about what the Federal Reserve will do with a key stimulus measure grew in the wake of more positive economic data.
OTTAWA -- A new analysis of Canada's key trading firms suggests they are increasingly optimistic about the prospects for boosting exports to the rest of the world, which the Bank of Canada calls the missing piece in the country's economic recovery.
VICTORIA - The condo lifestyle is drawing baby boomers looking to downsize and young adults seeking easy access to urban activities.
The cost for the 50,000-barrel-aday Sturgeon upgrader and refinery project backed by the Alberta government has ballooned by almost 50 per cent and the startup date delayed a year.